In 2020, Suning only had 258 monetary funds on its books900 million yuan, but the debt has already exceeded 100 billion. At that time, the earth-shattering thunder of Evergrande, Sunac, and Country Garden had not yet exploded, so the forces from all walks of life were also going all out to Suning. From this point of view, Zhang Jindong is still very lucky. On the evening of July 5, 2021, Suning Tesco announced that the company's controlling shareholders and shareholders signed the "Share Transfer Agreement", and planned to account for 16 of the company's total share capital96% of the shares were transferred to the limited partnership of "Jiangsu New New Retail Innovation **Phase II". The second phase of the new retail is jointly funded by 10 limited partners, including Nanjing Xinxing Retail Development**, Huatai Asset Management, Alibaba, Haier, Midea, TCL, Xiaomi and other industrial investors.
Zhang Jindong relied on the "circle of friends" to breathe a sigh of relief, but so many top domestic companies only gave Suning a total of 8.8 billion in cash, for Zhang Jindong, it is undoubtedly "a long drought and a rain", you must know that the cash flow of Suning Group's books has reached the point of exhaustion. When there was no new retail innovation, Zhang Jindong mortgaged everywhere in order to be able to come up with cash flow, and Suning Tesco, which had no money to repay its debts, was full of news of default, so that Suning's employees were ready to find another way, and it was even rumored on the Internet that Suning sold the staff dormitory to repay the money and drove the employees out of the Suning dormitory, almost to the point of exhaustion.
Recently, Zhang Jindong has reappeared in the rivers and lakes, but Zhang Jindong wants to make Suning turn over, and it is too difficult. In 2021, Suning.com's annual revenue will be 138.9 billion yuan, a year-on-year decrease of 4494%；The net profit attributable to the parent company was -43.3 billion yuan, and the loss continued to expand, with a year-on-year increase of 91211%。As of the end of 2021, Suning Group's total liabilities reached about 1,3970.9 billion yuan, with an asset-liability ratio of 8183 per cent, of which about 1 4 is overdue.
Since 2014, Suning.com's non-net profit has been negative for 8 consecutive years, and from 2019 to 2021, the loss has risen sharply to 571.1 billion yuan, 680.7 billion and 4466.8 billion yuan.
Two and a half years after resigning as chairman of Suning Tesco, Zhang Jindong recently returned to the public eye as chairman of Suning Holding Group. With the return of Zhang Jindong, Suning Tesco has also set a goal for 2024 to achieve full profitability. Zhang Jindong also shouted to all the staff at the meeting, "Suning who is fighting does not allow anyone to lie flat, and it is necessary to promote a new round of development of Suning with all employees." "We must continue to strengthen the adjustment ability and growth momentum of enterprises, and fight a turnaround battle for the industry and society in 2024." ”
At the time of Xu Jiayin's greatest glory, the people who wanted to see him were said to have lined up from Shenzhen to Xiangjiang, and who could sit in the same boat as Xu Jiayin at that time was basically equivalent to having a money printing machine, and he could make money while lying down. It was at this time that Zhang Jindong tried his best to meet Xu Jiayin, and publicly "confessed" to Xu Jiayin, and the two had a good heart and hit it off. Xu Jiayin continued to draw cakes for Zhang Jindong, making him believe that the investment of 20 billion yuan could be exchanged for a smart retail system covering Suning Plaza, Suning Tesco Life Plaza, Suning Store, Cloud Store and other formats.
At that time, Xu Jiayin was also working hard to make his own real estate trading platform, called "RV Bao". If Xu Jiayin really has that ability, there will be no shell to find a house. At that time, I Zhang Jindong was bent on letting Suning surpass JD.com, and I kept selling and selling, but I was also trying to overtake in corners. gave Evergrande 20 billion real gold ** alliance, and also gave Wanda more than 10 billion investment, only these two big investments consumed a lot of cash in Suning. In order to do a good job in the sports sector, Zhang Jindong also spent tens of billions of cash to buy copyrights all of a sudden.
Today's Suning is still very short of money, but in a short period of time, Suning can turn losses into profits. If Zhang Jindong hadn't invested Evergrande's 20 billion back then, Suning's life might have been much better now. Zhang Jindong, borrow another 20 billion from the sky! What do you think about this? Everyone is welcome to discuss with each other in the comment area.